Section 5 Indian Partnership Act

Section 5 of the Indian Partnership Act 1932 is about Partnership not created by status. It is under CHAPTER II (THE NATURE OF PARTNERSHIP) of the Act.

  Partnership not created by status.

The relation of partnership arises from contract and not from status;

and, in particular, the members of a Hindu undivided family carrying on a family business as such, or a Burmese Buddhist husband and wife carrying on business as such are not partners in such business.